Shares of Ramco Systems Ltd closed at the upper circuit

Shares of Ramco Systems Ltd closed at the upper circuit

by 5paisa Research Team Last Updated: 2022-06-15T16:00:23+05:30

Ramco System is up 20% today.

The Global markets are weak. Yesterday, Dow Jones closed 0.5 % down. However, S&P BSE Sensex remained reluctant to fall and opened flat today. At the end of the day, the S&P BSE Sensex closed at 52541, 0.29 per cent down for the day. On Wednesday, June 15 2022, the Fed is starting its 2-day policy meeting. Hence, before the meeting, market was trading cautiously.

Despite weak market action, the shares of Ramco Systems Ltd have melted upwards today. At the end of today’s trading session, the stock closed at its upper circuit, up by 20 %.

Ramco Systems Ltd is a BSE small-cap IT company and an enterprise software player having multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. The company is headquartered in Chennai and operates across 22+ countries.

The company have delivered weak Q4 results. The Q4 revenue is down 17% on a YOY basis at Rs 124 crore. Q4 was the worst ever quarterly performance in terms of net profit figures for the company. Q4 net loss was reported at Rs 26 crore. The 5-year sales growth also remains low at 3.41 % for the company.

However, the management is expecting a strong order book and aiming for a $100 million order book for FY23. The management is also focusing on growing its ERP business in processing & cement industries and also extending solutions to maintenance service providers. Almost 40% of the revenue comes from the ERP segment.

The company has an ROE of 13.78 % as of March FY21 year ending. Talking about valuations, the shares of Ramco Systems Ltd are trading at 15.68x. The company has a market capitalization of Rs 14,309.87 crore. The stock has a 52-week high and low at Rs 1130.95 and Rs 588.


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